‘Stalking Horse’ Bid Of $90M Sets Potential Minimum Price For Hawthorne Auction
Description:
In a move that could establish a minimum price for another entity to bid on keeping racing alive at the financially troubled Hawthorne Race Course, the track's owner, Carey Family Properties, LLC, has secured what is known as a “stalking horse” bid of $90 million to potentially sell the 108-acre property to a relatively anonymous
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